1- Which of the following is the least likely way that you may benefit from having an understanding of personal finance? O a. Assessing the advise of financial advisers O b. Making your own financial decisions O c. Becoming a financial advisor O d. Becoming the president of a large national bank

2- When obtaining a mortgage you should O a. maintain some funds for liquidity purposes to cover unanticipated bills. O b. apply for the maximum amount you can afford, since the house will be an appreciating asset. O c. be very conservative and apply only for a mortgage amount you can pay off within 10 years. O d. let a realtor or some other expert choose the type and length of mortgage you will need.

3- As you increase the proportion of your investment allocated to bonds, you_ your exposure to market risk and your exposure to interest rate. O a. reduce duce O b. increase; increase O c. reduce; increase O d. increase; reduce